How Filing Bankruptcy Can Help You

For most individuals, filing for bankruptcy is something we hope to avoid. However, circumstances beyond our control can take place which lead to the need for debt relief. With a bankruptcy filing, you will be provided with the opportunity to start over financially. There is a stigma surrounding bankruptcy, where people feel that those who file are irresponsible. This is an untrue belief. Bankruptcy is offered so that individuals can make a responsible decision and start over financially, instead of going deeper into debt. At Notinger Law, we understand the need for debt relief when you feel overwhelmed due to finance issues. We want you to learn all that you can about bankruptcy and how it can help your family, reducing or eliminating debt.

Being Responsible for Your Finances

Filing for bankruptcy has often been associated with financial failure or being responsible. However, this is far from the truth. Many adults have found themselves with a financial issue due to the loss of a job, medical bills and other circumstances that are beyond their control. With creditors calling at all hours of the day, you begin to stress more and more and feel that you are drowning in debt, worrying about how you will pay your bills.

Thankfully, there are options you can consider. There may be a way to create a work-out so that your bills can be paid but not in a way that leaves you with no money left over. By filing for bankruptcy, you can have your debt discharged, instantly starting over with your finances. Either way, you will find relief from the constant stress of debt, able to move forward without feeling so overwhelmed.

How to Remove Your Debt

With a bankruptcy filing, you may be able to see your debt removed completed, be it personal or business debt. The options you have will depend on your personal situation. At Notinger Law, our attorneys can help you determine if a repayment plan is what you need so that assets can be kept or if you will see all of your debt discharged. Every case of bankruptcy is different, and you need an attorney by your side experienced in bankruptcy law to help you make the right filing choice.

Chapter 7 is a common bankruptcy option used by individuals who need help with debt. Chapter 11 is another option, most commonly used by businesses. You may also benefit from a work-out. With our help, we can review the information of your case and determine the best course of action.

Benefits of Filing for Bankruptcy

There are many benefits to filing for bankruptcy. One of the main benefits is a stress reducer. Once you file for bankruptcy, debt collectors can no longer contact you. This means no more harassing phone calls, letters, etc. After filing, you can begin a fresh start, taking positive action to begin rebuilding and improving your credit score.

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Notinger Law  |  (603) 888-0803  |  71 Spitbrook Rd. Nashua, NH 03060  |